General form of registration statement for all companies including face-amount certificate companies

FAIR VALUE MEASUREMENTS (Tables)

v3.22.1
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2021
Summary of Long Term Debt Instruments
The following table presents the total net carrying amount and estimated fair value of the Company’s long-term debt instruments, excluding finance leases and the PPP Loan, as of the periods presented:
 
    
December 31, 2021
    
December 31, 2020
 
(in thousands)
  
Carrying
Amount
    
Fair Value
    
Carrying
Amount
    
Fair Value
 
Long-term debt
   $ 115,095      $ 124,221      $ 34,446      $ 106,679  
Tailwind Two Acquisition Corp [Member]  
Summary of gross holding gain and fair value of held-to-maturity securities
 
    
Held-To-Maturity
  
Amortized

Cost
    
Gross

Holding

Gain
    
Fair Value
 
December 31, 2021
  
U.S. Treasury Securities (Mature on 01/04/2022) (1)
   $ 345,088,635      $ 1,365      $ 345,090,000  
         
 
 
    
 
 
    
 
 
 
Schedule of company's liabilities that are measured at fair value on a recurring basis
 
Description
  
Level
    
December 31,

2021
 
Liabilities:
                 
Warrant Liability – Public Warrants
     1      $ 9,775,000  
Warrant Liability – Private Placement Warrants
     2      $ 6,630,000  
Schedule of change in the fair value of the warrant liabilities (level 3 measurements)
 
    
Private Placement
   
Public
   
Warrant Liabilities
 
Fair value as of January 1, 2021
   $ —       $ —       $ —    
Initial measurement on March 9, 2021
     7,644,000       11,270,000       18,914,000  
Change in fair value
     156,000       230,000       386,000  
    
 
 
   
 
 
   
 
 
 
Transfer to Level 1
     —         (11,500,000     (11,500,000
Transfer to Level 2
     (7,800,000     —         (7,800,000
    
 
 
   
 
 
   
 
 
 
Fair value as of December 31, 2021
   $ —       $ —       $ —